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. president obama spent the better part of the hour talking about the debt ceiling. so we'll go into the details about what it is, exactly. it is a cap on the amount of money the federal government may borrow. the cap is actually set by congress. so it includes money the federal government borrows from the public. for example, u.s. bonds, right? also includes debt that the treasury owes the government, trust funds like social security and medicare. right now, the ceiling, is it set at almost $16.4 trillion. the country's borrowing already hit that mark. that happened on december 31st. so the ceiling is raised periodically because both parties, they have to have approved the tax cuts and the spending increases over the years, knowing that they're going to add to the deficits. by doing so, they increase the country's need to borrow in the future. since 1962, congress has raised the debt limit 76 times, 11 times in the past decade. i want to talk about the debate over the debt ceiling, how it affects the overall economy. our georgia tech economics professor, danny boston joining us
're moving off minoring in hip-hop and we'll talk economics here. president obama, maybe we'll talk hip-hop as well, in a final formal news conference before he takes the oath of office here in his second term spoke this morning, pushing for support on raising the debt ceiling. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> so the president says there will be no ransom, you heard him say no bargaining chip in this whole debt ceiling debate. the deadline to raise that ceiling is approaching quickly. some members in congress say they're willing to shut down the government to avoid raising that limit now. joining me now is ben stein. nice to have you
. ahead, we'll talk about president obama's potential executive order on gun control. we're talking to connecticut senator chris murphy about what the president actually can do as well as vice president biden's expected recommendation. that's coming up in just a few moments. first, though, we want to get an update on some of the other stories that are making news. john berman has that in new york. good morning, john. >> good morning, soledad. the nation wooild flu outbreak, it's just about everywhere. in all but three states, in fact, those lucky states, california, hawaii, and mississippi. in new york city the big hassle involves trying to get vaccinated. there's a run on the vaccine at some pharmacies and urgent care centers since governor andrew cuomo declared a public health emergency. debate resumes today in the house of representatives over two bills that address sandy relief aid. despite opposition from house conservatives, the bills are expected to pass providing an additional $50 billion to the hard hit northeast. lawmakers in the affected areas including new jersey governo
is shucking and jiving. that's a racial era slave term. >> powell is most likely talking about former alaska governor sarah palin who blasted president obama for his handling of the benghazi consulate attack on facebook writing in part, "why the lies? why the cover up? why the dissembling about the cause of the murder of our ambassador? on the anniversary of the worst terror attacks on american soil. we deserve answers to this. president obama's shuck and jive shtick with these benghazi lies must end." joining me now cnn contributor and senior writer for cnn.com, gra l.z. granderson. and will cain. palin defended the remarks saying there was nothing racist about them. was there? >> i'm going to go with no, carol. you know this is always my favorite segment. why are republicans racist? are you racist? tell me again what is not racist about conservatism? it's always the burden of proof to prove you're not a racist, which is a near impossible thing to do. i understand you're not asking me about my personal views. you're asking about a party. i don't know, whatever that is, tens of millions of p
an amount of uncertainty, if you will. just today president obama was talking about what could happen if congress doesn't agree to let the government essentially pay its bills. let's listen. >> america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. if congressional republicans refused to pay america's bills on time, social security checks and veterans benefits will be delayed. >> so the truth is the president and the congress actually have to agree on all of this to end up getting a deal. but the question for you, suze, is what are americans supposed to do during a time of uncertainty? for example, if you're thinking about making a big purchase, should you do it now or wait till the president and the congress figures it out? >> the time has come, in my opinion that americans realize that their future cannot be in the hands of politicians. that their financial future has to be held tightly right within their own grips. and if they don't have the money to buy something outright, if they have to put it on a credit
to talk about the -- you may well remember president obama trieded it, he had ted kennedy on his side, he had mccain on his side, it didn't go anywhere. what do you think if the president tries to push for comprehensive immigration reform including a pathway to citizenship for so many of the ten, 10 million illegal immigrations from -- >> they lost about 71% of the latino vote, 74% of the asian vote. the vast majority of people in the country in poll after poll after poll including your own say that people want comprehensive immigration reform that provides a pathway for citizenship. i saw john mccain yesterday on face the nation and i can tell you that we were in the room together, he's working with some eight senators, he believes that we're on the path to get comprehensive immigration reform and i think that both parties would be -- would do well by the american people if they did that and i think that's the difference. an election has a way of making a statement, and i think it did, particularly for the republicans who, as you know, were calling for the south deportation of 11 million
. you know, in policies, kind of according to what president obama wanted to do yesterday. >> let's talk about that. the president unveiled plans to curb gun violence yesterday. i want to listen to part of what he said. >> okay. >> congress should restore a ban on military style assault weapons and a ten-round limit for magazines. the type of assault rifle used in aurora, for example, when pared with a high-capacity magazine has one purpose. to pump out as many bullets as quickly as possible. >> it looks unlikely that the president will get ab assault ban by the senate. how do you feel about that? >> you know, just the fact that he is hearing our plea not only from aurora, but from newtown, from tucson, from all of these different places, you know, our pleas are being heard, and that is that we hope that, you know, other -- there are other people out there every day, getting killed, and we're trying to c b curb -- get some kind of policy in place so 34 people aren't affected every day due to gun violence. >> almost two weeks ago, you mentioned what would help you heal if cinemark would
of michelle obama's style so i think they had some fun with it today, martin. >> i'm sure they did. let's talk about crowds, the first time of the inauguration was historic, it is still historic, i'm wondering, will the crowds be the same? >> we asked the chamber of commerce about that, what expectations r let's listen to what the president of the chamber of commerce told us. >> what we are hearing is 600,000 to 800,000 people coming into the city. you compare that to 2008/2009, 2008 election/2009 inauguration, it was almost 2 million. 1.8. those of us in the in business community would love to see 2 million people in our city, but no, we are not looking anywhere near those numbers. >> reporter: so you heard not as many people this time but still, hundreds of thousands of people expected to descend on the mall. you don't need tickets to descend on the mall. you do to have be in the seats behind us it will be a boone to businesses. one thing the chamber of commerce president told us there is hotel space you as long as you are willing to spend a good chunk of change, $600 a night. >> if you have
talking this morning about president obama's announcing new gun control measures that will happen today and there's a new movie that explores gun ownership from a unique perspective, the transformation of someone that buys a gun for protection. here's a little bit of a short film which is called "gun." >> got a problem, bro? >> yeah. >> i have a gun! >> spencer gillis is the writer and director of the short. it's premiering on the sundance film festival on gun appreciation day. nice to have you with us. the film opens with a wife and man in bed who hears someone in their house and it starts in the middle of what must be the most terrifying thing, there's an intruder, he opens the door, he sees the intruder and someone is going through their stuff. tell me what this story's about. >> really it's about the influence of power on the human mind, you know, you have a man who buys a gun and it leads to these dark fantasies that he starts to have and it just takes him down a path that could have very serious consequences. >> what was your point? i mean, are you a gun advocate? are you an anti-
morning. thank you very much for joining us. i'm carol costello. we start this hour talking about a major announcement from president obama and the vice president, joe biden. next hour they will unveil their plan to fight gun violence in america. and they'll be joined by several families of newtown shooting victims and children who wrote letters about gun violence. here's what we're experting. according to an official familiar with the situation the president will press for a ban on high capacity magazines and assault weapons, push for universal background checks and request funds be made available to treat mental illness and enhance school safety. dan lothian joins us now. the nra is on the attack before they have seen the plan. >> it's a controversial ad the nra has released. it's not only going after the president and suggesting he's an elitist, but also going after the first daughters. it is an ad that is clearly aimed at sort of defending their position, which is they believe as the president looks to have these two tracks, one put pressure on congress to pass some of this -- these r
on tuesday, we'll be talking gun control. vice president biden will give the president his gun control recommendati recommendations. last month obama had vowed to prevent future shootings like nowtown. expected recommendations include all kind of things. universal background checks and a possible ban on assault weapons. we'll see if that happens on tuesday. also on tuesday, an expected vote on about $50 billion of superstorm sandy relief money. congress approved a $9.7 billion package, but, certainly, much more needs to be done here. and on sunday, looking all the way ahead to the end of the week. president obama's inauguration on noon at sunday. this is a private swearing in before the big festivities on monday. i will be in washington, d.c., all weekend covering it and covering all the celebrations, as well. it will all be live right here on cnn. >>> and we mentioned newtown and as that one month mark from the shooting at newtown approaches, the community is reflecting on the tragedy. cnn's national correspondent susan candiotti has more. >> good morning, randi. wounds remain fresh h
at the time. >>> it is the biggest celebration that happens once every four years. we are of course talking about the inauguration of the president. all the bands, the drill teams and the stand-ins are in the capital today, rehearsing for next week's second inauguration of barack obama barack obama. athena jones is in washington to give us a sneak preview, hello. i guess they started early and i suppose they're trying to make sure they work out all the kinks, you don't want to have anything go wrong on the big day, do you. >> certainly not, you think every four years they'll try to get it right. today we've seen fife and drums, military bands, we've seen people standing in for the vice president and for president obama, as well as the first lady. and two young girls standing in for sasha and mallia to make it as close to how they expect it to be as possible next week. there's a lot of excitement here in town. we had a chance to speak with the president of the chamber of commerce about some of their expectations, let's listen. >> what we're hearing is anywhere from 600,000 to 800,000 people
or republican analysts, they're talking continuation of 150,000 jobs a month. that's if nothing goes wrong. the slightest little hiccup could throw this economy off balance and put us in a recession. while mr. obama might not necessarily be to blame, it would happen. we simply have to grow better. the style of leadership has changed and improved but where are the proposals to really get stuff done and get the economy jump-started ? i'm waiting to see that. >> peter morissey, annie, john, don't any of you move. we'll lay out the challenge, b jobs part of that challenge. getting people back to work. a quiz for you at home, how many jobs have been created since this president took office? a, 76,000, b, 276,000, c, 476,000 or d, 1.76 million? now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer
. >>> tough talk from both sides ahead of the coming battle on debt limits and spending. >> president obama says when it comes to paying what congress has already spent, there's no negotiating. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> let's talk about that and more with congressman cathy mcmorris rodgers of washington state. she's a member of the republican leadership in the house. she's chairman of the house republican conference. congresswoman, thanks for coming in. >> thank you. good to be with you. >> of course. i wanted to get your reaction to what the president said there. his point that hays driving over and over again that this is not about authorization new spending and all of this is about paying bills that we've already racked up. so how do you counter that? >> it's the wrong analogy. this is about the credit card being maxed out, and then we're going t
'll talk to timothy burke editor at deadspin.com, what an amazing piece of journalism they did. >>> president obama told the families of the victims of sandy hook he would take action. now he is. yesterday the president moved to tighten gun control laws and called on congress to do the same. he signed 23 executive actions that do not need a congressional approval, but he asked congress to ban military-style assault weapons and expand background checks to include all gun buyers. many members of congress however are lukewarm to the proposals. >>> boeing is taking a global hit, the 787 dreamliner grounded in europe, japan, and now here in the united states due to a potential fire risk from the onboard lithium batteries. united, the only u.s. carrier flying the dreamliner says it inspected all six of their 787s and insists they're safe but the company will comply with the faa order. >>> this just in to cnn, the international olympic committee has confirmed they have written to lance armstrong asking that he return his bronze medal. he won it for cycling in the 2000 olympic games in
. not at all. >> thanks, lisa. >>> the national rifle association is about to respond to president obama's crackdown on guns, the powerful gun rights lobbying group will join us later in this hour in "the situation room." lots to talk about with david kooen. stay with us. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> let's continue the conversation in our strategy session. joining us right now, two cnn political contributors. the democratic pollster cornell belcher and republican strategist alex castellanos. the president laid out a very am bishops shous plan to deal with guns. cornell, you're familiar with this issue. can he deliver? >> well, i think he can deliver. if you look poll after poll, this is where the american people are. what happened in connecticut was a conscience jarring for americans. similar to what we saw on 9/11 where the world is not the same. americans are hungry for change. the assault weapons ban, the commonsense registration laws, fixing the loopholes, th
president and certainly president obama with their strength of the office and going around the country and talking to americans which basically agree with the president, it's going to be up to the people across the country to talk to their members of congress to make sure that we and get this done. this can save lives. we've saw that. when the large magazine clips, which i've been reintroducing ever since 204, when that ban was in place, we did not see these magazines out on the streets. and they were very expensive because they were rare. we can do that again to cut that down. we're not going to be taking away anyone's right to own a gun. the supreme court already did that. but with the president laying out what he did, in a very holistic way, by the way, by working with our schools, making sure we have community policing, have psychologists. it's going to be up to the schools to make the decision on what they want, but we should be there to help them. ifwe can't protect our children from school or someone going to the movies, i think that has hit the heart of everybody in this countr
. six of those candidates lost. they spent more money i think on defeating barack obama because he was going to erase the second amendment from the constitution than they've ever spent to defeat anybody before, yet there he was today at the white house behind the podium talking about reasonable common sense gun laws. >> i thought the nra's advertisement lambasting the president for the security around his children was particularly offensive and a new low even by the leadership of that organization standards today. >> you know, we talked to nra members and we talked to gun deal. >> and we poll them. the truth is the average nra member has not been very happy with the performance that they've been seeing out of the nra's washington lobbyists lately. nra members are people who hunt, who want to defend themselves and who want to be left alone, like much of the country. the nra's washington leadership lives and breathes for an entirely different purpose these days. they're selling guns and they're raising money and they're trying to elect republicans to congress that is the bottom line.
is speaking before the conference. >>> and when president obama took office four years ago, of course, what was the mood? well, the inauguration, it was jubilant, but going into a second term he's facing a much harder road. atlanta's mayor is joining us to talk about those challenges. >>> i think the main mission of what we're trying to dos in our lab, drag psychology kicking and screaming into the 21st century. >> a wimped of the virtual world. >> we're sort of like the unique alliance of hollywood, the military and academia. >> also a chief combatant in u.s. military's battle against post-traumatic stress disorder. ptsd. >> it's not unique to combat, but for veterans what it's become one of the signature woods of iraq and afghanistan. >> skip rizzo. he first graped headlines back in 2006 with his virtual reality ptsd therapy for vets. today he's getting in front of the problem with strive. my colleague chris lawrence got a first look. >> i want to prepare people to deal with stress better. if that doesn't work out, help them fight through the challenges in the aftermath of stress. >> hi.
Search Results 0 to 20 of about 21 (some duplicates have been removed)